Musk’s Companies Tank as Tech Stocks Get a Post-Election Correction
Gizmodo
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Elon Musk's Tesla and SpaceX lost nearly $500 billion combined in market value following a post-2026 midterm election tech stock selloff. Tesla dropped over 14%, SpaceX about 12.5%, with SpaceX's share price falling below its IPO level. The broader tech sector, including AI companies like Nvidia, also faced significant declines amid concerns over spending and election outcomes.
